Fri 16 May 2008
The Federal Reserve should use regulatory powers aggressively and pro-actively to limit the threat from future asset price bubbles, Frederic Mishkin, (more…)
Economy
Archived Posts from this Category
Wed 14 May 2008
The US Federal Reserve is reconsidering the way it deals with asset price bubbles in the wake of the housing and credit bust, in a move that could (more…)
Sat 10 May 2008
As Stimulus Rebates Go Out, Stores Want All of It
Posted by admin under National , Economy No CommentsAs the government sends out roughly $100 billion in economic stimulus checks to about 130 million American homes, retailers are trying to persuade (more…)
Fri 9 May 2008
US shoppers continued to veer towards cheaper stores and essential goods and away from discretionary items in April but brought some relief for retailers after a poor start to the year. (more…)
Thu 8 May 2008
The credit crisis is entering its later stages, but the process of deleveraging in the financial system still has further to go, according to Hank Paulson, the US Treasury secretary.
“I am encouraged. I am feeling better about the markets,” he told the Financial Times, adding: “In terms of the capital markets, I believe we are closer to the end than the beginning.” (more…)
Mon 5 May 2008
The US service sector expanded in April, after three consecutive months of contraction, raising hopes that this bedrock of the US economy is proving resilient to slowing domestic demand and rising cost pressures. (more…)
Sun 4 May 2008
Soaring food prices taking their toll on families
Posted by admin under National , Economy No CommentsSoaring prices at the supermarket are taking their toll on families across the Southland as the rising cost of everything from milk to eggs is stretching already-thin finances to the limit. (more…)
Fri 2 May 2008
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U.S. employers cut jobs for a fourth straight month in April, though not as vigorously as feared, according to a government report on Friday that also showed an unexpected improvement in the unemployment rate last month. (more…)
Fri 2 May 2008
Manufacturing contracts for third month
Posted by admin under National , Economy , Business No CommentsThe US manufacturing sector contracted for a third consecutive month in April as waning domestic demand acted as a drag on factory output even as exports continued to provide a source of strength. (more…)
Tue 29 Apr 2008
Federal Reserve policymakers will discuss paying interest on bank reserves in a closed door meeting on Wednesday. Such a move could in theory allow the Fed to expand its liquidity support operations without limit. (more…)
Sun 27 Apr 2008
The first of more than $110bn in tax rebates for US households start arriving on Monday, amid a vigorous debate as to how big an impact this emergency stimulus (more…)
Sun 27 Apr 2008
Raised in boom times, many Gen-X and Yers see their dreams go bust
Posted by admin under National , Economy No CommentsJason Liebrecht used to write about his motorcycle adventures on his blog. But since early this month, the 36-year-old San Diego computer software engineer’s daily musings have been about a less thrilling new experience: unemployment. (more…)
